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Multi-Fineline Electronix, Inc. engages in the engineering, design, and manufacture of flexible printed circuit boards and related component assemblies for the electronics industry. The company offers integrated flexible printed circuits and component assembly solutions, such as design and application engineering, prototyping, high-volume fabrication, component assembly, and testing. It serves original equipment manufacturer and electronic manufacturing service providers in the electronics industry for a range of applications, including smartphones, tablets, computer/data storage products, portable bar code scanners, personal computers, wearables, and other consumer electronic devices. The company primarily operates in the United States, China, Singapore, Malaysia, Korea, and the United Kingdom. Multi-Fineline Electronix, Inc. was founded in 1984 and is based in Irvine, California.

multi-fineline electronix in (MFLX) Key Developments

Multi-Fineline Electronix, Inc. announced that it has named Thomas Kampfer as its new Chief Financial Officer and Executive Vice President, effective June 15, 2015. Most recently, Kampfer served as president of CohuHD.

Multi-Fineline Electronix, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2015

May 7 15

Multi-Fineline Electronix, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales were $149,099,000 against $117,793,000 a year ago. Operating income was $9,386,000 against operating loss of $47,253,000 a year ago. Income before income taxes was $10,587,000 against loss of $47,108,000 a year ago. Net income was $9,096,000 or $0.36 per diluted share against net loss of $52,416,000 or $2.18 per diluted share a year ago. Net cash flow from operating activities was $20,171,000 against $14,850,000 a year ago. Purchases of property, plant, equipment was $3,890,000 against $3,847,000 a year ago. Non-GAAP net income was $9,347,000 against non-GAAP net loss of $24,186,000 a year ago. Non-GAAP diluted income per share was $0.37 against non-GAAP LPS of $1.00 a year ago.
For the second quarter of 2015, the company expects net sales to be between $135 and $165 million and gross margin to range between 12% and 14%, based on anticipated production build plans, net sales volume and product mix. The company anticipates capital spending of $5 million to $8 million in the June quarter. The company expects operational expenditure of approximately $10.5 million.
The company expects year-over-year sales and earnings growth for full year 2015. The company anticipates capital spending about $25 million in 2015.

Multi-Fineline Electronix, Inc. Provides Preliminary Earnings Guidance for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015

Apr 17 15

Multi-Fineline Electronix, Inc. provides preliminary earnings guidance for the first quarter ended March 31, 2015. For the quarter, the company expects net sales in the first quarter of calendar 2015 to be between $145 to $150 million, at the mid to high end of the company's guidance range of $130 to $160 million. This represents an approximate 25% increase from the prior year first calendar quarter's net sales of $117.8 million. Gross margin for the first quarter of calendar 2015 is anticipated to be above the company's guidance, between 12% and 13%, compared to gross margin negative of 11.0% for the first calendar quarter of 2014. The company's large customer is anticipated to account for 65% of expected net sales and the company's newer customers to contribute 30%.
The company expects second quarter results to be strong and in line with first quarter results.

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